I.A. (IBC) No.2356/KB/2024

IN

C.P. (IB) No.80/KB/2023

An application under Section 54 of the Insolvency and Bankruptcy Code, 2016 read with Regulation 14 and 45(3)(b) of the IBBI (Liquidation Process) Regulations, 2016 and under Section 19(2) & 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11

of the National Company Law Tribunal Rules, 2016;

IN THE MATTER OF:

Manavta Tradelink Private Limited

… Financial Creditor

Versus

Manikaran Vincom Private Limited

… Corporate Debtor

And

I.A. (IBC) No.2356/KB/2024 IN C.P. (IB) No.80/KB/2023 IN THE MATTER OF:

Mrs. Brinda Bidasaria …Liquidator/Applicant And IN THE MATTER OF:

Ms. Brinda Bidasaria, Liquidator of M/s. Manikaran Vincom Private limited.

…… .Applicant Versus Mr. Anal Basu & Ors.

……. .Respondents Coram:

Shri Labh Singh : Member (Judicial)

Ms. Rekha Kantilal Shah : Member (Technical)

I.A. (IBC) No.2356/KB/2024 IN C.P. (IB) No.80/KB/2023 Appearances (via Hybrid mode)-:

For the Liquidator-:

i. Mr. K. Mullick, Adv.

ii. Mr. Brinda Bindasaria, PCA For the Respondent No. 1 i. Ms. P. Roy, Adv.

ii. Ms. Chandrika Sharma, Adv.

Date of Pronouncement-: 03.12.2025

ORDER

Per: Rekha Kantilal Shah, Member (Technical)

1. The Corporate Debtor, Manikaran Vincom Private Limited is a company incorporated on 28.12.2008 having CIN U51109WB2008PTC122141 with its registered officer address at 9/A/1B, Chetla Road Kolkata, Kolkata, West Bengal, India -700027.

2. By an order dated 20.10.2023 the Corporate Debtor was admitted to Corporate Insolvency Resolution Process by this Tribunal.

3. Thereafter, by an order dated 05.06.2024 passed by this Tribunal, order of Liquidation was passed with respect to the Corporate Debtor I.A. (IBC) No.2356/KB/2024 IN C.P. (IB) No.80/KB/2023 and Mrs. Brinda Badsaria was appointed as the, Liquidator of the Corporate.

4. That pursuant to receipt of liquidation order the applicant ma,de a public announcement on 11.06.2024 in in Form-B of Schedule-II ’Of Regulation 12 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.

5. I.A. (IBC)(Dis.) No.13/KB/2025

5.1 This application is filed by the applicant claiming following reliefs-:

(a) Pass an order approving the dissolution of the Corporate Debtor under Section 54 of IBC;

(b) Kindly take on record the compliance certificate in Form-Hand Final Report, filed by the present Applicant;

(c) Kindly discharge the applicant/ Liquidator i.e Mrs. Brinda Bidasaria, Liquidator of Manikaran Vincom Private Limited;

(d) Pass any such further and/ or other order or orders as this Hon’ble Tribunal may deem fit and proper;

6. Background of the case-:

6.1 Pursuant to the public announcement, the Applicant duly verified the claim and prepared a list of stakeholders, based on which the Stakeholders’ Consultation Committee was formed on I.A. (IBC) No.2356/KB/2024 IN C.P. (IB) No.80/KB/2023

07.08.2024. The Applicant thereafter on 24.08.2024 duly submitted a report on constitution of SCC in the Interlocutory Application with this Tribunal, the said IA was registered as IA 1803/KB/2024. Thereafter, the SCC¹ was reconstituted on

13.09.2024 and again on 27.09.2024.

6.2 The Applicant submits that there have been twelve meetings of the SCC, the details of which are forming part of the final report in the later part of the application.

6.3 The Liquidator submits Since there were no tangible assets of the Corporate Debtor, so no valuer was appointed.

6.4 Further, on 30.08.2024 an IA 1866 of 2024 was filed before this Tribunal, inter alia, to bring on record the Preliminary Report and Asset Memorandum, Asset Memorandum and preliminary report marked as "ANNEXURE-5". of the Corporate Debtor. The said application was allowed and disposed of vide order dated

10.01.2025.

6.5 The Liquidator has closed the Bank Account of the Corporate Debtor maintained with Yes Bank Ltd, being Account no. 019081400009486 after the balance of the account was reduced to INR 0.00/-.

1 A final list of Stakeholders of Corporate Debtor marked as ANNEXURE-4.

I.A. (IBC) No.2356/KB/2024